$ASTER: Bears Retake Control as $ASTER Fails to Hold Moving Averages
SHORT SETUP ASTER
Entry: $0.70400 - $0.70600
Stop Loss: $0.73010
Take Profit: $0.65480 (2R)
Key Levels: Support $0.69840 | Resistance $0.70670
Technical Analysis for $ASTER: The price sits below EMA9, EMA21 and EMA200, confirming a downtrend. MACD histogram is negative and the line is under the signal, while stochastic K is under its D line, both pointing bearish. Immediate resistance lies around 0.7067 on the chart, with support near 0.6984. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, with 90% of assets down.
SHORT $ASTER
SHORT SETUP ASTER
Entry: $0.70400 - $0.70600
Stop Loss: $0.73010
Take Profit: $0.65480 (2R)
Key Levels: Support $0.69840 | Resistance $0.70670
Technical Analysis for $ASTER: The price sits below EMA9, EMA21 and EMA200, confirming a downtrend. MACD histogram is negative and the line is under the signal, while stochastic K is under its D line, both pointing bearish. Immediate resistance lies around 0.7067 on the chart, with support near 0.6984. Together, these indicators favor SHORT continuation toward support.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, with 90% of assets down.
SHORT $ASTER